New decision for reductions on realization and late payment penalties

Monday, January 13, 2020 - 13:45

Kindly find attached Minister of Finance Decision No. 17/1 dated 13 January 2020 which provides reductions on tax penalties until 29 February 2020. This decision cancels all previous decisions.

This decision covers violations occurring until 31 July 2019 (inclusive).

As per Article 5 of this Decision, proportional realization penalties are reduced by 85% while lump-sum realization penalties are reduced by 60%.

As per Article 7 of this Decision, late payment penalties are reduced by 75%.